Waiting a broken trendline....Take short when trendline is broken...
1485-1500 Hard sell zone
This is not a trade call for education purposes only
KLSE trade ideas
Buy the correction seasonLoading up some .44 caliber ammo to buy any stonk dip this year.
As of Feb 2020, political instability + COVID19 narratives strongly affecting the local and global market.
Curious to see what the overall Malaysia market reacts this year onwards.
The market will have a challenging week, in a few days. Hello Malaysian traders,
Hoping everyone is in healthy, fine and stayed focus.
I'm expecting that the economic in these few days will be a challenging.
Stock market will have a bit some market turbulent with this impact.
* IF YOU LIKE THE IDEA KINDLY HIT A LIKE, COMMENT AND FOLLOW WILL HIGHLY APPRECIATE THAT WILL ALWAYS FOLLOW BACK....
FBMKLCI - ProjectionAlthough current Malaysian market condition is still in bearish trend, FBMKLCI indices is expected to be positive this month due to the government stimulate package introduced for this couple of month including another package which is expected to be introduced in May 2020.
There is higher probability for the indices to break nearest resistance this month and accumulate momentum for the following phase provided Malaysia able to win the battle over CORONA-19 virus this month and economy is starting to normalized next moth.
{SWC} FBM KLCI/Malaysia 30, Closing Bell (real) 14th Apr 2020 Thank you for your continued support! :)
FTSE Bursa Malaysia KLCI closed higher 15.63 points at 1.15% today.
I just noticed the previous idea was titled wrongly because I referenced my PC's time at midnight.
Asian indices were generally in the green today as China released better than expected trade data. The FBM KLCI staged a breakout at the 1360 region short term resistance and pressed onward to the 1370 region of resistance. As this was recent high on 9th Apr (1371), some volatility is expected from potential profit taking. The KLCI retraced a few points but managed to close just barely above 1371 for a technical breakout. For reference, the high on 13th March was 1369.
Bullish targets for the short term include 1383 and 1403. The 1402-1404 region should be more important given it is the junction of both hourly and 15 minutes Fibonacci extensions. For the medium term, the region around low of 12th March confluences with the MA on daily chart making 1420 a key potential resistance to take note.
Short term support remains at the 1353 region, while the key Fibonacci levels between 1371 and 1353 have potential for forming new supports. 1317 still stands as the more medium term support region.
Stay safe, everyone :)
{SWC} FBM KLCI/Malaysia 30, Closing Bell 14th Apr 2020Thank you for your continued support! :)
This Monday, the FBM KLCI main index closed 0.11% or 1.47 points lower. HKEX is closed for Easter Monday, and the US markets don't open until at night XD. Overall, KLCI was in sideway movement today.
The bears teased the 1350-1353 region, but a quick support was found as the KLCI touched today's lowest point at 1352.78, leaving a long lower shadow on the candle. On the 15 minutes chart, we further project a series of intraday fibonacci key levels and found that the 38% at 1359.78 was putting up some resistance as the KLCI tried to move higher in the afternon. Will the 1350-1353 support hold next time?
Stay safe, everyone :)
KLCI Heading To 1405.37 Before Trump| 15th April 2020Looking to the price daily chart, the price is about to breakout the 1370.00 which is the key before the price going to 1400.00. I am holding the buying position today as the price of value RSI showing up before the previous value. The confirmation also has been develop after the candlestick eating all the price previous day.
Ringgit has strengten against the dollar this week. You might want to see those article as per below if you haven't read so.
www.thestar.com.my
I am closely watching and monitor the trump administration. The trump statement made on the 'shortly' is very dangerous to the KLCI. After the news that he only know when is the time to re-open the US economy, perhaps not now the KLCI is in safe mode to 1405.37 if the G7 meeting is not in favour. I am targeting the KLCI to 1405.37 before close the target profit.
www.marketwatch.com
www.cnbc.com
For malaysian traders, I want you guys to read all these article that i have provided. Please subscribe to my telegram if you wish to trade with me or asking me a question regarding the trading. I know many of malaysian traders need help towards the trading. Please contact me if you need answer to your trading. I am opening a study group to regroup company of traders around the malaysia. I also do coaching if you guys seriously want to be a serious traders for full time or part time trading job aspect. Invest at the knowledge first before you make investment towards the trading before you loss money on your pension money or business money. Trading is a serious things and not can be played by gambling. Invest in knowledge first so that you can make a living forever and trade with confident so that you can see your bigger picture of the trade.
Thank you.
Regards,
Zezu Zaza
2048
Malaysia KLCI - dead cat bounceINDEX:KLSE Bursa is looking for positive news, very much like the world looking for an immediate cure for Covid-19. Any upbeat mood such as helicopter money from Malaysia government will be short-lived because the global recession, depressing oil prices and weakening ringgit will overwhelm the market once the Covid dust settles.
Market will revisit 1,400 and aim for 1,500 but the big Bear is lurking to pounce whenever there is any hint of negative news either from worsening Covid situation in US and EU or no agreement between OPEC and Russia.
Long-term BEARISH
Target: 1,000 by Feb 2021
{SWC} FBM KLCI/Malaysia 30, Closing Bell 10th Apr 2020Thank you for your continued support! :)
On the daily chart, the Footsie Bursa Malaysia main index had be sliding lower steadily until the fateful Friday the 13th in March where all hell broke loose, losing as much as 7% at the day's low. The result: a monster gap of some 45 points. Talk about a black friday!
The development of the following week would come as dramatic as the last. The KLCI would continue the extremely bearish breakout until it found willing buyers on the 17'Mar, dangerously sustaining above 1200. A technical rebound was expected, but the unexpected magnitude of the 6.85% u-turn would send the bears routing.
The continuation of that 83 points reversal would lead FBMKLCI to challenge the downward sloping short term moving average. For a while, KLCI would consolidate a new support on the 1317 region.
Taking a more granular look of KLCI's performance through the recent hourly chart, the main index has staged an offensive into the gap of that same Friday the 13th. Pulling their punches, investors didn't want to overextend their risk approaching the week's close, preferring to take profits. The concern is understandable as the new round of OPEC+ virtual meeting is beginning on the global stage, while awaiting news on the possibility of Movement Control Order (MCO) extension in the local scene. Adding into the mix, the HK and US markets are closed for Good Friday, brewing more uncertainty for price reference to the big boys.
Come Friday, the MCO extension was more or less expected, so the bulls aren't willing to give up much ground, having settled to camp around the price range of 1350 to 1353 - the previous high and 38% retracement. Cautious but optimistic, investors and traders await further news to develop through the weekend.
Stay safe, everyone :)
FBMKLCI - 22nd March 2020Kemungkinan besar index KLCI akan reversal, iaitu bullish. Ini hanyalah teknikal analysis, tiada teknik yang sempurna, kalau setiap teknik dan analysis itu sempurna, nescaya saya sudah menjadi jutawan. LOL
MAJOR INDEXES HEAD TO HEAD. WHAT'S THE VERDICT?TWO POSSIBILITIES TO CONSIDER:
1) REVERSAL TO DOWN TREND (70%)
2) CONSOLIDATION (30%)
I AM ISOLATING THE CHANCE OF HAVING CONTINUATION OF THE CURRENT RALLY. HEDGE OR TRADE SOMETHING THAT BUCKS THE TREND (IF YOU SEE ANY)
STAGES OF VIRUS ATTACK...WAVE 2 IN ACTIONOutlook of Malaysian Market based on last 3 corrections/crisis faced. Could Corona wave upset our market and cause further meltdown? I present here the few scenarios.
